Current Affairs Quiz-September, 2020

Notes:
India’s External Affairs Minister S Jaishankar is representing India at the Foreign ministers Meet of the SCO (Shanghai Cooperation Organisation) to be held at Moscow.
The meeting is hosted by Russian Foreign Minister. The foreign ministers of Russia, India and China (RIC) would hold a luncheon meeting on the side-lines of the SCO. India has been the fulltime member of SCO since 2017.

Notes:
The Chief of Defence Staff (CDS) General Bipin Rawat has stated that India’s Defence exports has grown by 700% from Rs 1521 crore in 2016-17 to Rs 10,745 crore in 2018-19.
Also, as of 2019, India is ranked 19th in the list of top Defence exporters in the world, which is an all-time high rank ever featured by India.

Notes:
The Government of Gujarat has announced the state’s first Heritage Tourism Policy. The policy permits use of historic buildings (pre-1950 historical buildings) such as heritage palaces and forts, as heritage hotels, heritage museums, heritage banquet halls and heritage restaurants etc.
Under the policy, the State Government will offer an aid of Rs. 5 – 10 crore for renovation of these heritage structures.

Notes:
Reliance Industries Limited (RIL) has become the first Indian company to surpass USD 200 billion in market capitalisation. The RIL had market capitalisation of Rs.15.3 trillion (USD 208 billion).
RIL is followed by Tata Consultancy Services (TCS) with market capitalization of Rs 8.75 trillion (USD 119 billion). RIL is the 40th most valuable firm globally.

Notes:
The Government of India has released a sum of Rs.6,195 crore to 14 states as Revenue Deficit Grant. This is as per the recommendations of the 15th Finance Commission.
Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal are the 14 states to receive the grant from centre.

Notes:
Jammu and Kashmir Lieutenant Governor Manoj Sinha laid the e-foundation stone of Arun Jaitley Memorial Sports Complex, Hiranagar in Kathua district in Jammu & Kashmir.
Union Minister Jitendra Singh and Union Minister of Youth and Sports, Kiren Rijiju jointly laid the e-foundation stone. The Rs 58.23 crore mega-sports complex is being undertaken under the Prime Minister’s Development Package (PMDP).

Notes:
Amazon India has recently confirmed that the Bollywood legend Amitabh Bachchan will become the first Indian celebrity whose voice will feature on the Alexa voice assistant.
The company is to add the voice of the actor as a paid upgrade and that will be added through the Alexa Skills interface. His voice would be used in notifications about weather, jokes and advices, as a part of attracting customers.

Notes:
The new Banking Regulation (Amendment) Bill, 2020, introduced by the government empowers RBI to restructure Cooperative banks.
The bill was tabled on the first day of the Parliament’s Monsoon Session by the Finance Minister Nirmala Sitharaman. The bill which came in the form of ordinance was earlier withdrawn. Under this amendment, the Reserve Bank of India can restructure distressed cooperative banks.

Notes:
Oracle has been chosen by TikTok to be its trusted technology provider in USA. In the acquisition battle between Microsoft and Oracle, Oracle has taken a lead.
President Donald Trump claimed that the USA’s Tik Tok user data are siphoned to Chinese authorities. The US administration ordered ByteDance, the parent company of Tik Tok to sell its U.S. business.

Notes:
The state government of Gujarat has signed a Memorandum of Understanding (MoU) with the Small Industries Development Bank (SIDBI).
Under this deal, the state aims to increase self-reliance and provide capacity building and market support to the 35 lakh Micro-small-medium enterprises (MSMEs) of the state. Earlier, Rajasthan had partnered with SIDBI to develop MSME ecosystem.